About the Role:
We are seeking a skilled and detail-oriented Accountant to join our finance team within the utilities, energy, or power sector. The ideal candidate will have a strong background in financial accounting, with specific expertise in classifying capital and O&M (Operations and Maintenance) costs, as well as experience using Oracle financial software. This role provides an exciting opportunity to contribute to the accurate management of financial records, project cost allocation, and regulatory compliance within a dynamic and growing industry.
Key Responsibilities:
Capital vs. O&M Classification: Accurately classify costs between capital and O&M categories, ensuring compliance with regulatory requirements, accounting standards, and company policies.
Oracle Financial Software: Use Oracle Financials (or similar financial software) to track, record, and allocate costs associated with capital projects and O&M expenses. Generate accurate financial reports and maintain data integrity within the system.
Month-End Close: Assist in the month-end close process by reviewing and reconciling general ledger accounts, ensuring that capital and O&M costs are properly recorded, and variances are identified and explained.
Project Cost Allocation: Work closely with project managers and cross-functional teams to allocate project costs correctly between capital expenditures and O&M based on project lifecycle stages.
Fixed Asset Management: Oversee fixed asset accounting, including depreciation and capitalization, ensuring proper application of accounting standards (GAAP) and utility-specific regulations.
Financial Reporting: Prepare and review financial statements and reports related to capital projects, O&M costs, and asset management, ensuring accuracy and compliance with internal and external reporting requirements.
Audit Support: Provide necessary documentation and analysis for internal and external audits, particularly in relation to capital and O&M classifications, fixed assets, and project costs.
Cost Tracking and Reconciliation: Regularly track and reconcile capital and O&M expenses, ensuring proper accounting treatment and documentation for all transactions.
Process Improvement: Identify opportunities for process improvements in cost classification, project accounting, and financial reporting, contributing to greater operational efficiency and accuracy.
Regulatory Compliance: Ensure that capital and O&M classifications align with industry regulations, including FERC (Federal Energy Regulatory Commission) guidelines, GAAP, and any utility-specific requirements.
Qualifications:
Education: Bachelor’s degree in Accounting, Finance, or a related field.
Experience: 3-5 years of accounting experience, with specific expertise in classifying capital and O&M costs within the utilities, energy, or power industry.
Oracle Software: Proficiency in Oracle Financials or similar financial software for tracking and reporting financial transactions, particularly for capital and O&M expenses.
GAAP & Regulatory Knowledge: Strong understanding of GAAP, regulatory requirements, and industry-specific standards, including FERC guidelines, for capital cost classification and O&M expense management.
Analytical Skills: Strong analytical skills with the ability to review large datasets, identify discrepancies, and provide clear financial explanations.
Attention to Detail: Exceptional attention to detail, ensuring accuracy in cost classification, financial reporting, and project accounting.
Communication Skills: Strong verbal and written communication skills, with the ability to present complex financial information to both financial and non-financial stakeholders.
Proficiency in Excel: Advanced proficiency in Microsoft Excel for financial analysis, reporting, and data reconciliation.
Preferred Qualifications:
Experience in a utilities, energy, or power company, specifically with capital and O&M cost classifications.
Familiarity with regulatory requirements specific to the energy or utilities sectors.
CPA or progress toward CPA certification is a plus.
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